The Australian Competition and Consumer Commission will not oppose the merger of printers PMP and IPMG.
PMP and IPMG are both suppliers of heatset web offset printing services, which are used to print magazines and advertising catalogues.
“This was a finely balanced decision. While the ACCC considers that the merger is likely to lessen competition, we do not believe that it reaches the threshold of being a substantial lessening of competition,” ACCC Chairman Rod Sims said.
“Market conditions have changed since the ACCC opposed a proposed merger between PMP and IPMG in 2001. There has been a significant reduction in demand for magazine printing and there is excess capacity in the industry.”